Central everglades planning project

The Solar Power Plant TTC Phong Dien in the central province of Thua Thien Hue. (Photo: baothuathienhue.vn) Hanoi (VNS/VNA) - Green credit is a trend in the global banking and finance industry and more Vietnamese banks are following suit. The State Bank of Vietnam (SBV)’s latest survey of credit institutions (CIs) in the field of green growth and green credit released recently showed that the awareness of CIs on green credit has improved significantly. Specifically, 19 CIs have developed strategies for environmental and social risk management while 13 CIs have integrated the content of environmental and social risk management in the process of green credit assessment. Ten CIs have built credit products and banking services for green sectors and have shown an interest in providing credit for these sectors, mainly in the medium and long term with preferential interest rates for green projects. However, the SBV’s statistics also showed that funding for green projects … [Read more...] about Banks keen on funding green projects

The Solar Power Plant TTC Phong Điền in the central province of Thừa Thiên Huế. The awareness of banks on green credit has been significantly improved. Photo baothuathienhue.vn HÀ NỘI Green credit is a trend in the global banking and finance industry and more Vietnamese banks are following suit. The State Bank of Việt Nam (SBV)’s latest survey of credit institutions (CIs) in the field of green growth and green credit released recently showed that the awareness of CIs on green credit has improved significantly. Specifically, 19 CIs have developed strategies for environmental and social risk management while 13 CIs have integrated the content of environmental and social risk management in the process of green credit assessment. Ten CIs have built credit products and banking services for green sectors and have shown an interest in providing credit for these sectors, mainly in the medium and long term with … [Read more...] about Banks keen on green projects

By Hung Le &nbspJuly 12, 2019 | 09:44 am GMT+7 A foreign woman walks past the Saigon Opera House, surrounded by several five-star hotels in downtown Saigon. Photo by VnExpress/Thanh Nguyen. Thailand’s Central Group plans to open at least 20 new hotels across Vietnam in the next five years. The Centara Hotels & Resorts chain, part of the Central Group, said that targeted destinations include key economic hubs like Ho Chi Minh City, Hanoi and Hai Phong, and other high-growth areas like Da Nang, Phu Quoc, Nha Trang, Cam Ranh and Hoi An. The company also saw "strong potential" in the southern coastal areas of Vung Tau, Ho Tram and Mui Ne, due to new roads connecting the region with HCMC and the development of a major new airport in nearby Dong Nai province, Centara said. "Vietnam’s tourism industry enjoyed a great year in 2018 and we expect this to continue for many years to come," said Thirayuth Chirathivat, CEO of Centara Hotels & Resorts. … [Read more...] about Central Group plans 20 new hotels as Vietnam tourism booms

Illustrative image (Source: internet) Hanoi (VNA) – Thailand’s largest retail conglomerate Central Group on January 31 confirmed that it will invest 200 million USD in Singapore-based ride-hailing application Grab. Central Group, which owns department stores, restaurants, and hotel chains in Thailand, said it will acquire a significant non-controlling stake in Grab’s Thai entity. CEO of the group Tos Chirathivat said the investment will give his company's stores and hotels access to customers wherever they are. Grab has built a new platform which consists of food delivery, payment and other services. Therefore, the two sides could collaborate to deliver the group’s products to customers, he added. Grab CEO and co-founder Anthony Tan said the deal brings together Thailand's "local retail champion" with the "local technology champion", and would cement the service's position as Thailand's "everyday app". Grab is the leading ride-sharing firm in Southeast … [Read more...] about Thailand’s Central Group plans big investment in Grab

Illustrative image (Source: VNA) Hanoi (VNA) – The State Bank of Vietnam (SBV) has recently issued Decision No.1604/QD-NHNN on approving a project on green bank development. The project aims to raise the banks’ awareness and social responsibility for environment protection and climate change prevention, gear capital flows into eco-friendly projects, and promote green production, services and consumption, towards boosting green growth and sustainable development. Accordingly, all banks will strive to issue regulations on environment and social risk control by 2025. At least 10 -12 banks will have specialised units on environment and social risk control while 60 percent of the banks will access loans used for green projects. The SBV will issue guidelines on developing green banks and credit, provide them with incentives such as preferential loans from international organisations and development partners. The scheme suggests measures encouraging economic … [Read more...] about Central bank approves project on green bank development

KOICA helps Vietnam’s green urban planning project. (Photo: VNA) Hanoi (VNA) - Major products of the Technical Assistance Project for Establishment of Vietnam Green City Master Plan assisted by the Korea International Cooperation Agency (KOICA) of the Republic of Korea (RoK) were announced at a conference in Hanoi on June 27. Addressing the event, Deputy Minister of Construction Phan Thi My Linh said after more than two years of implementation, with efforts of both Vietnamese and Korean experts, along with close coordination among the ministry, KOICA, and the authorities of Thai Nguyen and Kien Giang provinces - beneficiary localities, the project was finished with practical outcomes. It focused on developing the Green City index of Vietnam and the Green City Urban Planning Decision Support System (GDSS); making pilot planning projects in Yen Binh urban area of Thai Nguyen and Rach Ra city of Kien Giang; and building a legal framework on green urban planning, … [Read more...] about KOICA helps Vietnam’s green urban planning project

A view of the conference (Photo: VNA) Hanoi (VNA) - The Vietnamese Ministry of Construction and the Korea International Cooperation Agency (KOICA) co-hosted a conference in Hanoi on June 22 to update on the implementation of a Korean-funded technical assistance project on planning green cities in Vietnam. The 6.5 million USD project was planned to be implemented in 29 months in Hanoi, Yen Binh district (Thai Nguyen province) and Rach Gia city (Kien Giang province). Tran Thu Hang, Head of the Planning - Architecture Department under the Ministry of Construction, said after two years, the project has built a set of green city indexes, a Green City Planning Decision Support System (GDSS), and a legal framework for green city planning. It has also designed pilot planning options for the Yen Binh urban area and Rach Gia city, she added. Hang expected that the project will boost city management capacity and develop data on city planning nationwide, which in turn would help cities … [Read more...] about Conference reviews Korean-funded green city planning project

Deputy head of Quang Nam Forest Protection Sub-department Tu Van Khanh said the population of 20 gray-shanked douc langurs were found living on 10ha of primary forest in 2000, and the local community have since protected the critically endangered primates. Gray-shanked douc langurs (pygathrix cinerea) in a forest in Central Vietnam. (Photo: GreenViet) Khanh said the langurs, listed on the International Union for Conservation of Nature (IUNC) Red List as one of the world’s 25 Most Critically Endangered primates in the world, and only found living in Vietnam, faced being wiped out when an acacia log farm began expanding in the area. He said the endangered langurs were found living in a forest in Nong Son district of Quang Nam province. As planned, the province plans to expand the protection area for the langurs from 10ha to 80ha, and begin reforestation of the primary forest to make a better habitat for the species. Experts from the Frankfurt Zoological … [Read more...] about Central province launches project to protect endangered langurs

A sea expansion project is planned for Đà Nẵng Bay. The central city aims to build an ’urban area in the sea’ for its growing population. — VNS Photo Công Thành Viet Nam News ĐÀ NẴNG — The central city of Đà Nẵng has asked the government to plan part of Đà Nẵng Bay as an ‘urban area in the sea’, in an effort to meet the demands of a rising population and to attract tourism investment. Director of the city’s construction department, Vũ Quang Hùng, said a new urban area for a population of one million would be based on an area of 500ha in Đà Nẵng Bay, which is situated in Liên Chiểu and Thanh Khê districts. Hùng said the new ‘urban area’ will be developed as a ‘super city’ in the sea with unique designs and architecture for luxury accommodation and a regional financial centre. He said the urban area … [Read more...] about Central city plans ‘urban area in the sea’

Samsung mulls many major projects in VietnamTu Hoang By Tu Hoang - The Saigon Times Daily HANOI – Samsung is expected to increase its registered capital in Vietnam to US$20 billion in 2017 if the South Korean giant’s planned projects go as planned, according to a recent report of the Ministry of Planning and Investment. The report, which the ministry submitted to the Government, said Samsung has registered an additional investment of US$5.4 billion this year, accounting for 31% of total foreign direct investment (FDI) approvals as of last month. With the fresh investment pledge, Samsung is now the biggest foreign investor in Vietnam with accumulated capital commitments amounting to over US$12.6 billion. Samsung is currently working on a number of major infrastructure projects in the country. Samsung C&T has signed a memorandum of understanding with the Ministry of Industry and Trade to develop Vung Ang 3 thermal power plant in Ha Tinh Province under the … [Read more...] about Samsung mulls many major projects in Vietnam